Orange County NC Website
Docusign Envelope ID:0776C7AB-OEE6-4D95-94E7-C84FDD4E6E17 <br /> Time of Hearing 2:46 PM Appellant Opinion $575,900 <br /> County Representative Chad Phillips on Board Decision $700,000 <br /> behalf of Roger <br /> Gunn <br /> Evidence submitted by the appellant: <br /> • The land assessed value is incorrect. The adjacent lots are calculated at much lower rate than <br /> the subject lot. They have assessed values between$5.89 per square foot and$9.72 per square <br /> foot. However,the subject lot has been assessed at$13.12 per square foot even though it has a <br /> significantly lower appeal based on location and other factors. <br /> Evidence submitted by the county representative: <br /> • All properties in the subject neighborhood are valued at$320,000 per lot with adjustments to <br /> value made to properties with significantly larger or smaller than typical lot sizes as was with <br /> PIN 9788518063 in the appellant's spreadsheet. Based on a size basis,it is felt that the <br /> subject's .61 acre lot is equitably valued at$320,000 with the majority of lots in the appellant's <br /> spreadsheet as well as with a same sized parcel 9788515246 and.52 acre parcel 9788513193 <br /> and.55 acre parcel 9788513340,none of which were included in the appellant's spreadsheet. <br /> • However,when comparing the subject lot to adjacent .69 acre parcel 9788611008 on the <br /> appellant's spreadsheet,we find that the lot for parcel 9788611008 is only valued at$288,000 <br /> reflecting a-10%adjustment for backing to Fordham Boulevard and being subject to highway <br /> road noise. Considering the subject is similarly situated, it is the County's recommendation to <br /> apply the same-10% adjustment to the subject's land value,thereby reducing the subject's land <br /> value from$320,000 to$288,000. <br /> • Upon inspecting the subject on September 3, 2024,Bill found the finished area was <br /> understated by 318 square feet due to finished area over the garage not being included. he also <br /> found that the subject only contained 4 bedrooms instead of 5 and the construction grade was <br /> slightly high at B+05 compared with the adjacent homes on parcels 9788611008 and <br /> 9788612237,which both have a construction grade of B. After making these building <br /> adjustments,the building value would be increased from$395,900 to $412,000. <br /> • Photographs of subject property <br /> • Current property record card for subject <br /> • Map highlighting subject property and properties discussed in County's Position <br /> • Proposed property record card for subject <br /> Motion of the Board $700,000 <br /> Made the motion Barbara Levine <br /> Seconded the motion Tony Blake <br /> Voted For Leon Meyers <br /> Voted Against <br /> Property Identification: <br />